Recherche avancée

Koen Jochmans et Vincenzo Verardi

vol. 20, juin 2020, p. 468–480

Matthieu Bouvard et Raphaël Lévy

vol. 18, n° 3, juin 2020, p. 1444–1483

We study how a decision maker uses his reputation to simultaneously influence the actions of multiple receivers with heterogenous biases. The reputational payoff is single-peaked around a bliss reputation at which the incentives of the average receiver are perfectly aligned. We evidence two...

Michael Magill, Jean-Charles Rochet et Martine Quinzii

vol. 112, juin 2020, p. 113–128

A simple equilibrium model is presented which permits the joint study of optimal Central Bank prudential, monetary and balance sheet policies in the pre and post 2008 Crisis periods. It explains the new policies—the purchase of risky securities (QE), payment of interest on reserves (IR) and use of...

Francesca De Petrillo et Alexandra Rosati

vol. 164, juin 2020, p. 193–204

Inference by exclusion, or the ability to select a correct course of action by systematically excluding other potential alternatives, is a form of logical inference that allows individuals to solve problems without complete information. Current comparative research shows that several bird, mammal...

Marcel Boyer, Anne Catherine Faye, E. Gravel et Rachidi Kotchoni

n° 3, mai 2020, 6 pages

Nous discutons les enjeux et embûches théoriques et empiriques auxquels les autorités de concurrence et les tribunaux font face pour sanctionner les cartels, à savoir la probabilité de détection, la dynamique de cartel, la durée de l’impact et le surprix.

Milo Bianchi et Philippe Jehiel

vol. 15, n° 2, mai 2020, p. 545–582

Paul-Henri Moisson et Jean Tirole

mai 2020

The paper investigates factors that undermine meritocracy and policies that may restore it. To this purpose, it analyzes the Markovian dynamics, the entrenchment and the welfare properties of an organization whose members’ cooptation decisions are driven by two motives: quality and homophily. It...

Marcel Boyer

n° 2 : « Competition Law review », mai 2020, p. 33–38

Alexander Guembel et Oren Sussman

vol. 87, n° 3, mai 2020, p. 1296–1330

We study a two-country setting in which leveraged investors generate fire-sale externalities, leading to financial crises and contagion. Governments can affect the incidence of financial crisis and the degree of contagion by injecting public liquidity and, additionally, by segmenting the countries...

Francesca Barigozzi, Helmuth Cremer et Kerstin Roeder

vol. 176, mai 2020, p. 188–211

This paper studies the design of child-care policies when redistribution matters. Traditional mothers provide some informal child care, whereas career mothers purchase full time formal care in the market. The sorting of women across career paths is endogenous and shaped by a social norm about...